Duke Energy Florida

What Duke Energy Florida does

Duke Energy Florida is a regulated electric utility subsidiary of Duke Energy Corporation (NYSE: DUK), serving approximately 2 million residential, commercial, and industrial customers across a 13,000-square-mile service territory in Florida. The company owns 12,300 megawatts of generation capacity and operates a vertically integrated business model spanning generation, transmission, and distribution. Duke Energy Florida is governed as a rate-based utility under the Florida Public Service Commission, with revenue derived from regulated electricity rates that recover approved capital investments plus a return on rate base.

The company's core technology stack combines conventional generation assets with a modernized grid platform. Approximately 82% of customers are served by self-healing grid technology that automatically detects outages and reroutes power, reducing the customer impact of an outage by up to 75% and often restoring service in under a minute. Grid hardening measures include upgrading 60% of wooden transmission poles over the last five years and placing 50% of the distribution system underground. The company is investing in renewable generation, with eight new solar projects and the DeBary Hydrogen Production Storage System — the first U.S. end-to-end green hydrogen demonstration. Customer-facing technology includes the Duke Energy One web portal, a mobile application, and AMI Smart Meter Gateway devices supporting real-time energy monitoring.

Duke Energy Florida's go-to-market motion is enterprise and consumer direct, operating as a regulated franchise utility with no competitive retail channels. Large commercial and industrial customers are served through dedicated account management and clean energy programs (Green Source Advantage, Renewable Choice) with marquee enterprise adopters including Cisco, Daimler Truck North America, and the Schaeffler Group. Residential customers are captured automatically within the franchise territory. Recent strategic emphasis has centered on hyperscale data center contracting (over 4.5 GW cumulative contracted load), supported by a $6 billion Brookfield investment (August 2025) and a parent-level five-year capital plan exceeding $103 billion. The Florida subsidiary is positioned by management as a primary growth engine within the broader Duke Energy portfolio.

Name

Duke Energy Florida

Legal name

Duke Energy Florida, LLC

Website

https://duke-energy.com

Company type

Public

Founded year

1900

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Duke Energy Florida is a regulated electric utility subsidiary of Duke Energy Corporation, serving approximately 2 million customers across a 13,000-square-mile Florida territory with 12,300 MW of generation capacity and a modernized self-healing grid.

Ownership category

akta.pro rank

Product category

Regulated Electric Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112), Utilities (22)

SIC

Electric Services (4911), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Regulated Residential & SMB Retail Supply (Default/Standard Offer) (EUAGABAA)

Keywords

• Regulated electric utility
• Electricity distribution
• Power generation
• Renewable energy programs
• Energy efficiency services

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Regulated Electricity Generation and Delivery: Duke Energy Florida operates as a rate-based regulated utility owning 12,300 megawatts of energy capacity. Revenue is generated through regulated electricity rates approved by the Florida Public Service Commission, covering generation, transmission, and distribution services to approximately 2 million residential, commercial, and industrial customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Duke Energy Florida is a rate-base regulated electric utility that generates, transmits, and distributes electricity to approximately 2 million residential, commercial, and industrial customers across a 13,000-square-mile service territory in Florida. The company owns 12,300 megawatts of energy capacity and operates the largest regulated capital plan in the U.S. utility sector, with infrastructure investments in self-healing grid technology, solar generation, green hydrogen demonstration, and storm hardening.

Product overview

Duke Energy Florida operates as a vertically integrated utility providing electricity generation, transmission, and distribution services. The company offers a platform-based approach with Duke Energy One as the central customer portal, supplemented by a mobile app for on-the-go access. Core offerings include electric service to 2 million customers across 13,000 square miles, with add-on modules including renewable energy programs (Green Source Advantage, Renewable Choice), energy efficiency solutions, income-qualified assistance, and innovative grid technology (self-healing technology). The product portfolio also includes green hydrogen initiatives and storm hardening measures.

Differentiator

Problem solved

Functional benefit

Products and services

• Duke Energy Florida Electric Service Core regulated electric generation, transmission, and distribution service serving 2 million residential, commercial, and industrial customers across a 13,000-square-mile Florida service area with 12,300 MW of owned capacity.
• Duke Energy One Customer Portal Web-based customer portal providing account management, billing, payment services, and energy usage information across Duke Energy's service territories.
• Duke Energy Mobile App Mobile application available on iOS and Android that enables customers to report outages, view account information, pay bills, and receive outage alerts.
• Green Source Advantage Program Clean energy subscription program allowing nonresidential customers to subscribe to renewable energy capacity to match up to 100% of their annual electricity use.
• Renewable Choice Program Program enabling large commercial and industrial customers to subscribe to renewable energy capacity, which exceeded enrollment targets with 57 MW of renewable capacity subscribed.
• Energy Efficiency Programs Suite of residential energy-saving solutions including free home energy assessments, contractor referral services, rebates for home improvements up to $5,075, and on-bill financing for upgrades.
• Income-Qualified Services Free energy-saving home improvements for qualified customers, providing assistance to eligible households in reducing energy costs through conservation programs.
• Special Assistance Programs Bill assistance programs including Share The Light Fund, LIHEAP, FL211.org, installment plans, and due date extensions for customers facing payment challenges; in 2025, nearly $30.5 million in assistance was distributed across Florida supporting approximately 31,000 customers.
• Ebbie Solar Project 10-megawatt solar generation facility that supplies renewable energy to large commercial customers under long-term agreements.

Quantifiable outcome

• Residential bill reduction of approximately 22% by March 2026, saving customers an estimated $1 billion in 2025
• +6 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• SpirecoreOthers · 31 March 2026Duke Energy completed the sale of its Tennessee Piedmont Natural Gas business to Spire for $2.48 billion. The transaction was announced in March 2026, with proceeds funding Duke Energy's large-regulated capital plan and debt paydown. The majority of Piedmont Natural Gas operations remain in the Greater Nashville area.
• Headwater EnergyminorStrategic or Co-development Partner · 18 March 2026Headwater Energy developed the 10-MW Ebbie Solar project in Marion, South Carolina, the first project under Duke Energy's updated Green Source Advantage program in the state. The facility was built with American-made components and is supplying renewable energy to the Schaeffler Group under a long-term agreement with Duke Energy.
• Enel X Advisory ServicesminorStrategic or Co-development Partner · 18 March 2026Enel X Advisory Services supported the development of Duke Energy's 10-MW Ebbie Solar project in Marion, South Carolina, under the updated Green Source Advantage program. Enel X provided advisory support for the project which is powering the Schaeffler Group's sustainability goals.
• Industry Partners (Scam Awareness)minorGTM or Marketing Partner · 12 February 2026Duke Energy uses AI technology to detect and remove scams targeting its customers, scanning digital channels including social media and paid ads. The company collaborates with industry partners for scam awareness efforts, reporting thousands of scam reports in 2025 with a spike in February. The company also participates in annual Utility Scam Awareness Day.
• Share The Light Fund PartnersminorGTM or Marketing Partner · 29 December 2025Duke Energy and its partners contributed more than $6.4 million through the Share the Light Fund to support community agencies during winter season. The funds help families stay safe and warm by ensuring they can keep their homes powered, with additional support invested during extreme heat periods. The program is part of Duke Energy's broader customer assistance initiatives.
• EPRI (Electric Power Research Institute)minorStrategic or Co-development Partner · 15 December 2025Duke Energy is participating in EPRI's global RADAR initiative to prepare future-ready grids in response to the 2025 Iberian blackout. The effort develops advanced tools, training, and frameworks to help power systems adapt to increasing complexity from renewable resources and inverter-based assets over the next 15 years.
• Highland Electric FleetsminorStrategic or Co-development Partner · 4 December 2025Duke Energy partnered with Highland Electric Fleets to support KIPP North Carolina Public Schools in launching three new electric school buses at KIPP Durham College Prep. The project was funded partly by a $1 million EPA grant and provides a quieter, cleaner, and more sustainable transportation option for approximately 216 students daily.

Scale indicators12 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• WEC Energy Group: WEC Energy Group is a regulated electric and natural gas utility serving Wisconsin, Illinois, Minnesota, and Michigan. It is broadly comparable as a regulated multi-state utility executing a multi-billion-dollar capital plan with a similar mix of renewable, transmission, and grid investments.
• Dominion Energy: Dominion Energy is a regulated utility serving Virginia, the Carolinas, and parts of the Southeast, with large-scale capital plans and significant data center load growth in Virginia. It is broadly comparable in regulated business model, large capital plan execution, and exposure to hyperscale data center demand.
• Xcel Energy: Xcel Energy is a regulated multi-state utility serving the Upper Midwest and Western US with an industry-leading clean energy transition roadmap. It is broadly comparable as a regulated electric utility that is also executing a multi-billion-dollar clean energy capex plan with strong renewable program adoption.
• Southern Company: Southern Company is a large investor-owned utility holding company with regulated subsidiaries across the Southeast, including Georgia Power. It is broadly comparable in scale, regulated generation mix, grid modernization programs, and capital plan intensity, and competes for hyperscale data center load in the Southeast.
• American Electric Power (AEP): AEP is one of the largest US investor-owned utilities, serving customers across 11 states with a transmission-heavy footprint. It is broadly comparable as a regulated electric utility with multi-state exposure, large transmission and grid investment programs, and a similar capital plan profile.
• Exelon Corporation: Exelon is the largest US T&D utility with regulated operations in Pennsylvania, New Jersey, Maryland, Illinois, and the District of Columbia. It is broadly comparable as a regulated electric utility focused on transmission and distribution infrastructure investment and grid modernization.

Regional players

• Entergy Corporation: Entergy serves regulated electric customers across the Gulf South (Louisiana, Mississippi, Texas, Arkansas). It is a regional peer with similar hurricane exposure, regulated generation mix, and large capital plan execution, although it does not operate in Florida.

Direct peers

• NextEra Energy (parent of FPL): NextEra Energy is the parent of FPL and the world's largest generator of wind and solar energy. It is directly comparable as a regulated Florida utility with a leading renewable generation development platform, sharing customers, regulatory regime, and clean energy transition exposure with Duke Energy Florida.
• Florida Power & Light (FPL / NextEra Energy): FPL is the largest electric utility in Florida, serving more than 5 million customer accounts across most of the southern and northern portions of the state. It is the most directly comparable peer to Duke Energy Florida in terms of regulated retail electric service in the same Florida territory and FPSC regulatory regime.
• Duke Energy Corporation (parent): Duke Energy Corporation is the publicly traded parent of Duke Energy Florida, serving 8.7 million electric and 1.6 million natural gas customers across the Carolinas, Florida, Indiana, Ohio, and Kentucky. It is directly comparable as the parent franchise in which Duke Energy Florida sits, sharing customers, executive leadership, and the $103B capital plan.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/DukeEnergy
• YouTubeyoutube.com/user/DukeEnergyMediaCtr
• Facebookfacebook.com/DukeEnergy
• LinkedInlinkedin.com/company/duke-energy-corporation
• Instagraminstagram.com/Duke_Energy
• TikToktiktok.com/@duke_energy

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds2 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Duke Energy Florida